Ethiopia’s inflation rate rises to 34.8 percent in September

Ethiopia’s inflation rate rose to 34.8 percent in September, up from 30.4 percent in August, Ethiopia’s Central Statistical Agency (CSA) disclosed on Tuesday.

CSA also disclosed the inflation for food items reached a record high of 42 percent in September.

The steady increase in the rate of inflation in Ethiopia is happening despite local and federal authorities’ efforts to control inflationary pressures through administrative actions. […] CONTINUE READING